By Adam Clark and Joe Woelfel

Stock futures pointed lower Thursday with investors watching rising oil prices amid tensions with Iran.

These stocks were making moves in the premarket session:

Carvana fell 17% after after the used-car dealer best known for its auto vending machines reported fourth-quarter adjusted earnings before interest, taxes, depreciation, and amortization of $511 million, below analysts' consensus of $541 million. Revenue of $5.6 billion jumped 58% from year earlier and beat analysts' forecasts of $5.27 billion. The company sold 163,522 vehicles at retail in the quarter, bringing its year-end total to 596,641 cars, up 43% from 2024.

Figma, the design-software company, jumped 14% after reporting better-than-expected fourth-quarter adjusted earnings as revenue grew 40% from a year earlier to $303.8 million, beating Wall Street estimates of $293 million. Figma also forecast first-quarter and full-year sales higher than Wall Street forecasts.

Etsy rose 14% after agreeing to sell Depop, the secondhand clothing site for "pre-loved fashion," to eBay for about $1.2 billion in cash. EBay, meanwhile, posted fourth-quarter adjusted profit that topped Wall Street forecasts on a revenue increase of 15% to $2.97 billion. Gross merchandise volume at eBay in the period rose 10% to $21.2 billion. The online marketplace also boosted its quarterly dividend and its board authorized a buyback program of $2 billion.

DoorDash rose 12% ahead of the opening bell. The delivery company posted fourth-quarter adjusted earnings and revenue that missed Wall Street estimates. Fourth-quarter gross order value, or the total dollar value of orders completed including taxes, tips, and consumer fees, rose 39% to $29.7 billion, topping estimates of $29.2 billion. DoorDash said it expects first-quarter gross order value of between $31 billion to $31.8 billion, higher than analysts expectations of $30.8 billion.

Fourth-quarter adjusted earnings at Occidental Petroleum, the oil-and-gas producer, were better than expected even as revenue declined to $5.11 billion from $5.64 billion a year earlier and missed analysts' forecasts of $5.55 billion. Revenue from Occidental's oil-and-gas segment fell to $4.81 billion from $5.62 billion. The stock gained 3.8%.

Nvidia was down 0.2% in premarket trading, giving back some of the gains from the previous day after it agreed to an expanded supply deal with social-media company Meta Platforms. The focus is on the chip maker's earnings next Wednesday after months of range-bound trading.

Avis Budget Group fell 13% after it posted lower revenue in the fourth quarter and reported an impairment charge tied to its U.S. electric-vehicle rental fleet. The car-rental company on Wednesday reported a loss of $747 million as revenue fell to $2.66 billion from $2.71 billion a year earlier.

Cheesecake Factory declined 6.9% as the restaurant chain reported fourth-quarter net income of $28.8 million, or 60 cents a share, compared with $41.2 million, or 83 cents a share, a year earlier.

Remitly Global shares were rising 21%. The digital financial services company reported fourth-quarter revenue of $442.2 million, which beat FactSet estimates of $427.4 million.

Molson Coors Beverage fell 6.3%. The maker of Blue Moon and Miller High Life posted fourth-quarter earnings and revenue that declined from a year earlier and said it expects 2026 sales to be roughly flat. Molson Coors sees adjusted per-share earnings down 11% to 15%. The brewer warned it "expects commodity inflation in particular to be a meaningful headwind in 2026."

Walmart declined 1% in the premarket session ahead of fourth-quarter earnings from the world's largest retailer.

Earnings reports are also expected Thursday from Deere, Newmont, Quanta Services, Comfort Systems USA, Live Nation Entertainment, Copart, Akamai Technologies, Klarna, Celsius Holdings, and Wayfair.

Write to Adam Clark at adam.clark@barrons.com

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(END) Dow Jones Newswires

February 19, 2026 05:31 ET (10:31 GMT)

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